Gain of about 170 points, after the biggest oneday gain since 1933. That was yesterday. Today might be a different story. At the moment we are looking at a gain of 166 for the dow, a drop for the nasdaq, maybe down 34 points, and the s p down about 11. Mixed picture this morning as investors try to get to grips with this new package and what it means for the economy. Also influencing the market, the president s statement that he would love and he used the word three times, he would love to get the economy back up and running by easter. Thats just two and a half weeks from now. It is a goal rather than an absolute. Critics say its just too soon and many state and local governments reject the president s time frame. Meanwhile, the call for Domestic Travel restrictions keeps on growing. Some officials at the white house suggested that anyone leaving the new york city metropolitan area should be confined to 14 days quarantine. As of now, lockdown, stayathome orders are in place for well ov
Senate. Were monitoring a anomaly happened in the markets here. You heard about negative Interest Rates abroad. That is almost Standard Operating Procedure particularly if europe. We have them here, yield on one month bill, three month bill, below zero percent. You effectively paying the bank for the honor of holding your dough. It is an anomaly. It worry as lot of folks who seem to think if this become as more established trend it could be a real problem. This, sort of statistical quirk is something were following because it is just limited to really the shortest and most immediate side of the socalled yield curve. It has not hit anything north of the one year and 10year, stuff that we follow closely. But it its something that has now happened for the first time in American History but if the stock market is worried about it, again as i stress, it has a funny way of showing it. Back to capitol hill. Well be monitoring that. Also monitoring what is happening on the floor of the senate
Countrys leaders call for unity claiming the u. S. Sanctions for the Health Crisis. Would you love me for the other for. All of 3 years would be irrelevant just stay on message from doctors and nurses on the front lines in the fight against the coronavirus and. Im alexia brown in the wet Sunday Islands the gateway to a strain is Great Barrier reef. And find out why some tourism operators psycho mining is putting the race and their livelihoods at risk and in sport despite mounting criticism japanese officials have welcomed the olympic flame to their country organizers say theyre determined to hold a safe and secure. The coronavirus pandemic continues to type its. On europe there is no side of the infection rate slowing with thousands more confirmed every day of the death toll is rising to just over 3400. 00 of people have died in italy thats more than anywhere else in the world including china infections of suppost 40000 the country is said to extend a nationwide lockdown as it tries to
Charles payne himself. Plus finding the good in people in these uncertain times. One Plastic Surgeon in new york city doing something amazing to help the city. He will be talking to us about it. In a little bit all that and more coming up on making money. Deirdre moments ago the senate announcing it will take up the stimulus package tomorrow. Gop senators calling for an urgent change to the text that they say will trigger massive layoffs. Hillary vaughn, what is the detail . Reporter deirdre, i want to show you a live look at the press conference any moment were expecting with a group of republican senators, tim scott, lindsey graham, ben sasse, the ringleaders behind flagging this key part of the bill they say would incentivize people to be laid off instead of work because they would make more under this bill, being laid off as opposed going into work. They want to make a change for that. The text for this is still rapidly being finalized. They reached agreement on bones of it at 1 00
New york newsroom. With news breaking, hillary. We start with you. Reporter connell things are quickly moving on the hill. We started this morning essentially a victory lap in the senate, announcing republicans and democrats on the senate side reached a deal. Since then the deal has come off. We heard from four republican senators say they cannot support the bill as written because there is a provision in it, either a drafting error or something put there on purpose would essentially make workers, make more money out of work rather than in work based on, additional money they would receive from taxpayers as part of this plan. This bill pays you more not to work than if you were working. Very few people are going to turn down a 24hour dollar deal not to work. To work for 15. Reporter four republican senators, senator lindsey graham, tim scott, rick scott, ben sasse are coming out speaking against that part of the bill. Senator Bernie Sanders calling those four senators out by name, if t